August 7, 2025 Market Analysis - Bitcoin breaks the position tonight, a simple pullback indicates a demand for upward movement! In-depth analysis of Ethereum's wave pattern; if it breaks the neck line, pay attention to chase the long position on a smaller scale!

Daily K-line trend analysis: Bitcoin's small scale shows that last night’s test high was exactly at the previous high position, just a few dollars off, indicating that there is no bearish liquidity, which is a children's trend. This means that there is a very high probability of breaking the 115,600 neck line today; even if there is a subsequent decline, it will first surge to break the position to obtain liquidity and then quickly retreat. Short positions must be placed above 115,600.

Ethereum faces two possible trends: one is that EMA30 directly supports the rise to complete the third wave to the 4000 price level, and the other is the formation of an M top leading to a fourth wave pullback. The key is whether it can break through the M top neck line; before the breakthrough, there is a risk of a normal M top or a false breakout of a 2BM top.

Previous review: The short position at 3716 on Monday made nearly 200 points profit, and the second guidance precisely reached the long position. The long position at 3566 was given in the previous video, and currently, A Ling still has 20% of the position continuously in profit. The short position at 3711 sharply closed with a 60-point drop to the first guidance; after securing the profit, Ethereum rose again. The long position at 111,900 is currently half-held by A Ling, expecting to reach around 116,000.

BTC resistance level 1: 117,300 (bearish Gartley pattern; need feedback from 116200 before entering)

BTC resistance level 2: 118,000 (bearish bat pattern; if it breaks 116200 directly, then pay attention to this level)

BTC support level 1: 113,200 (trend line + bullish Gartley + 1.13 false breakdown + bullish butterfly overlap, key support), 113,700 (0.618 position, close to 113,200; short-term operations are recommended)

BTC support level 2: 108,800 (large scale bullish Gartley, long-term support)$BTC

ETH resistance range: 3815-3853 (bearish crab, Gartley, and bat pattern overlap area; choose the position based on luck)

ETH support level: 3395 (bullish bat 0.886 position, normal pullback support from M top)$ETH

For more detailed point analysis, please watch today's market analysis video, which contains detailed explanations. Follow A Ling to study K-lines, and we will meet at the peak together! Pay attention so you don't get lost, and get the latest daily point interpretations!